For Release on May 1, Trading Symbol: NQB Pink Sheets: NNRF
Nucon-RF Announces Sales Plan For Feecom-Biecom
Nucon-RF Hires Seasoned European Union Manager to Support Shielding
Materials Division
MOSCOW, May 1, 2007 (PRIMEZONE) -- NUCON-RF, Inc. ("NNRF.PK") today announced that Klaus Rose has been retained by the Company to support the sales and marketing of its proprietary radiation shielding materials, FEECOM and BIECOM, in the European Union.
The primary objective of Mr. Rose's work will be the development of customized solutions and sales of FEECOM and BIECOM to nuclear utilities in Germany and Western Europe. To accomplish this objective, NUCON-RF has entered into a technology development and enhancement contract with the Fachhochschule Hannover, Department of Machinery, Institute for Radio Ecology and Nuclear Safety (“Institute”) located in Hannover, Germany. The agreement with the Institute will include many key tests to further validate the efficacy of FEECOM and BIECOM for large scale use at a nuclear facility.
The traditional use of lead as a shielding material is being phased
out as the European Union has banned the use of lead in all facilities
after the year 2010. NUCON-RF anticipates that German nuclear utility
managers may replace lead with FEECOM or BIECOM. Presently, one German
nuclear utility evaluating the use of the Company’s shielding
materials has 95 metric tons of lead that must be replaced. In Germany,
there are 17 nuclear utilities with 1,615 metric tons of lead, which
is the equivalent of 1,300 metric tons of BIECOM. A realistic replacement
program of 10% per year would require 130 metric tons of BIECOM annually.
Further, the site managers of the nuclear power stations are currently
considering the use of FEECOM and BIECOM to cover the tubes and pipes
within the power stations.
NUCON-RF is in the process of establishing a factory for the production
of FEECOM and BIECOM in Lower Saxony (Germany). NUCON-RF has also
submitted a grant application with the German government for funding
and deferring the costs of establishing this factory and for additional
research and development. All intellectual property and applications
developed in the future will be solely owned by NUCON-RF.
The sales and marketing of FEECOM and BIECOM will be centered in the
facilities in Lower Saxony. The primary goal of the German marketing
office is to develop specific new solutions for the European Union,
Russian and global markets. In addition, NUCON-RF is presently negotiating
the formation of strategic partnerships with leading energy companies
which could greatly enhance the introduction of these materials into
global markets.
NUCON-RF believes that the awareness of the toxicity of lead and the
legislative efforts to ban its use indicates a burgeoning market for
lead replacements. NUCON-RF anticipates that the lead replacement
movement currently underway in the European Union will occur throughout
the global nuclear industry as well in hospitals, dentist and medical
facilities, among others. NUCON-RF anticipates that the certification
and addition of customized physical characteristics by the Institute
in Germany will place the Company in a position to commence sales
to global markets.
This new composite shielding material is a polymer with an additive
and a metal blocker which provides new dimensions in radiation safety.
A distinctive feature of this new material is that it is possible
to modify its protection and construction properties as required.
Another advantage of the new material is that it is more flexible
than traditional shielding materials. The new shielding material also
surpasses steel in withstanding corrosion attacks and can be modified
with the same structural integrity as steel for use as a construction
material. The new shielding materials are not toxic, can be manufactured
in an environmentally friendly manner, and possess excellent thermal
stability.
NUCON-RF believes that the ability to mould the materials provides
significant numbers of customized applications for a number of product
offerings such as: syringe shields, glove boxes, electron accelerators,
radon generators and shielding applications in nuclear power plants.
FEECOM and BIECOM, as well as NuCap™, have been selected for
use at projects in the Russian Federation. NUCON-RF is currently
developing the customized solutions for temporary and permanent shielding
applications in cooperation with the Federal Ministry of Nuclear Energy
– Decommissioning Department and other Russian State enterprises
for Andreyeva Bay, Sayda Bay, and the former technical support ship,
Lepse. NUCON-RF is also developing customer oriented solutions
for the long-term dry storage facility for spent fuel and
non-reprocessable fuel elements under construction in Siberia by
the Federal Agency for Nuclear Energy.
The new shielding material can be cast in moulds in various forms,
such as bricks and plates, containers or plaster, and on fixed walls.
Each of these applications is contemplated at the various decommissioning
projects noted above. NUCON-RF believes that these applications
will also be applicable to decommissioning and disposal projects operated
by the radiation waste agencies in the European Union, including ANDRA
(France), NIREX UK, ENRESA (Spain), DBE (Germany), COVRA (Netherlands),
and ONDRAF/NIRAS (Belgium).
The inventor of the FEECOM/BIECOM technology is Dr. Hans-Jurgen Engelmann.
Dr. Engelmann is Director of Shielding Technologies for NUCON-RF and
is a recognized expert having devoted more than 40 years to the field.
Dr. Engelmann has held many important government positions, the last
being the Head and General Division Manager of the Technology and
Development division of DBE (Deutsche Gesellschaft zum Bau und Betrieb
fur Abfallstoffe m.b.H, Peine Germany), and Deputy Manager of "CASSIOPEE",
a European Union agency responsible for nuclear safety.
Previously, Dr. Engelmann was employed in the waste management research
division of DBE and was occupied with the development and procurement
of shielding containers for transport of radioactive waste and design
of technical systems of storage and final disposal.
Safe Harbor Statement
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding announcements of financial results, business potentiality and other prospective presentations by NUCON-RF, Inc. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue to expand. NUCON-RF undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in NUCON-RF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
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